Salem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Performance

Shares of NASDAQ:SALM opened at $0.24 on Friday. Salem Media Group has a 1-year low of $0.20 and a 1-year high of $1.02. The company has a 50 day moving average price of $0.31 and a 200 day moving average price of $0.35.

Salem Media Group (NASDAQ:SALM) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $58.61 million during the quarter.

About Salem Media Group

Salem Media Group, Inc operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.